This is not your ordinary options training course that teaches you how to put on an options trade but doesn't tell you how to manage the trade! This coaching course consists of five classes, one to two hours in length, and the topics to be covered are:

Class 1: Probability Distributions

·      The Gaussian distribution

·      Statistics of probability distributions

·      Application of the Gaussian distribution to stock prices

·      High probability trades

·      Low probability trades

·      Application of probability calculations in trading

Class 2: Options Pricing and the Greeks

·      Black-Scholes model of options pricing

·      Historical volatility vs. Implied volatility

·      Volatility skews

·      The VIX

·      The Greeks

·      Using the Greeks to select a trade

·      Trade management with the Greeks

Class 3: Selling Option Premium

·      Covered calls

·      Risk/reward curves

·      Portfolio enhancement strategy

·      Income generation strategy

·      Selling puts for income

·      Selling puts to build a stock position

·      Risk of early exercise

·      Risk management

Class 4: Married Puts, Collars and LEAPS

·      Married puts risk/reward

·      Combining with covered calls

·      Risk Trade-offs

·      Portfolio margin

·      LEAPS

·      LEAPS as a stock surrogate

·      Risk reversals

Class 5: Vertical Spreads

·      Introduction to spreads

·      Spread nomenclature

·      Bullish vertical spreads

·      Bearish vertical spreads

·      Positioning the spread

·      Credit spreads vs. debit spreads

·      Effects of implied volatility

·      Exercise and expiration

 

This is not your ordinary options training course that teaches you how to put on an options trade but doesn't tell you how to manage the trade! This coaching course consists of eight classes, one to two hours in length, and the topics to be covered are:

Class 1: Calendar Spreads

·      The ATM calendar spread

·      Evaluating candidates

·      Effects of volatility skews

·      Adjustments

·      Early exercise risk

·      The OTM calendar spread

Class 2: Double Calendar Spreads

·      Single ATM calendar vs. the double calendar

·      Evaluating candidates

·      Volatility skews

·      Delta risk

·      Vega risk

·      Positioning the spreads

·      Adjustments

·      Multiple calendar spread positions

Class 3: Condor Spreads, Part I

·      Creating the condor spread

·      Debits vs. credits

·      Why trade the iron condor?

·      The opportunistic model

·      The insurance model

·      Effects of implied volatility

·      Short term vs. long term condors

·      Adjustments

·      Using the Greeks

Class 4: Condor Spreads, Part II

·      Initiating the position

·      Varying philosophies

·      Managing the trade

·      Trade-offs in configuring the trade

·      Adjustment pros and cons

·      Managing with the Greeks

·      Additional considerations for index options

Class 5: Butterfly Spreads

·      The ATM butterfly

·      Evaluating candidates

·      Margin requirements

·      Managing the trade

·      The iron butterfly

·      OTM butterfly spreads

·      Butterflies as adjustments and hedges

·      The broken wing butterfly

·      Managing the ATM income butterfly

Class 6: Diagonal and Double Diagonal Spreads

·      Diagonalizing vertical spreads

·      The diagonal bull call spread

·      Double diagonal spreads

·      Adjustments

·      Managing the trade

·      Comparing the delta neutral trades

Class 7: Straddles and Strangles

·      The straddle defined

·      The strangle defined

·      The effects of implied volatility

·      Use before earnings announcements

·      Short straddles and strangles

Class 8: Make It a Business

·      Developing a portfolio plan

·      Using the appropriate strategies

·      Developing a trading system

·      Risk management

·      Money management

·      Monitoring and post-audits

·      The psychology of trading

·      Delta neutral trading